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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Somero Enterprise Inc. | LSE:SOM | London | Ordinary Share | COM STK USD0.001 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.50 | -0.19% | 267.50 | 36,569 | 08:00:01 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 265.00 | 270.00 | 270.00 | 267.50 | 267.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:12:58 | O | 500 | 270.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/11/2024 | 09:41 | UK RNS | Somero Enterprises Inc. Holding(s) in Company |
| 19/11/2024 | 07:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 15/11/2024 | 07:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 05/11/2024 | 07:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 04/11/2024 | 07:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 01/11/2024 | 07:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 24/9/2024 | 06:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 19/9/2024 | 06:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 10/9/2024 | 06:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
| 05/9/2024 | 06:00 | UK RNS | Somero Enterprises Inc. Transaction in Own Shares and Total Voting Rights |
Somero Enterprise (SOM) Share Charts1 Year Somero Enterprise Chart |
|
1 Month Somero Enterprise Chart |
Intraday Somero Enterprise Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/11/2024 | 08:47 | SOMERO - laser guided construction equipment | 3,807 |
| 31/7/2023 | 19:06 | SOMERO - laser guided construction equipment | 18 |
| 10/1/2014 | 18:33 | Somero - Laser-guided construction equipment | 92 |
| 26/2/2013 | 07:28 | somero sales up 47% | - |
| 09/1/2009 | 12:39 | Time to buy SOM and tuck away ???? | 15 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:12:59 | 270.00 | 500 | 1,350.00 | O |
| 14:00:07 | 270.00 | 2,640 | 7,128.00 | UT |
| 12:09:25 | 265.40 | 1,750 | 4,644.50 | O |
| 12:03:40 | 267.60 | 185 | 495.06 | O |
| 11:00:28 | 268.00 | 5,250 | 14,070.00 | UT |
| Top Posts |
|---|
Posted at 06/11/2024 21:04 by alotto Theaw, by what you say I take you're not invested in Somero.If Ligchine sells the same stuff at half the price, I cant explain how Somero is not out of the business yet. |
Posted at 06/11/2024 20:35 by theaw Somero is just plain lying if they claim 99% share. The main competition, 'Ligchine', is US made and privately owned so Somero would have no idea on how many units they sell. However, I am on a first name basis with the founder of the competition and he has been candid with how many units they move annually-- based on those numbers, they move as many boom operated laser screeds annually as Somero and are generally half the price as they're a smaller and very lean company. |
Posted at 25/10/2024 07:21 by tasman80 I’m in that camp too. Seems at these levels it could well be a sitting duck for a PE or trade takeover. The valuation arbitrage between Som and Cat/Terex is at record wides. Hopefully the board finally wake up and decide to up the share repurchases to minimise chances of an unwanted opportunistic bid approach |
Posted at 21/10/2024 09:30 by alotto Somero has a negligible market in China, laser screeding companies in china should look at foreign markets, open offices abroad for technical support etc.I am not sure how a cheaper price could help when there is minimal customer support. It would be interesting to have a view on this from the CEO. In the last presentation he mentioned that Somero has near zero competition. I would like him to expand on that actually. |
Posted at 19/10/2024 12:19 by pireric FYI: below is from the following URL, just add the www. to the front reddit.com/r/ConcretJust for context as the advantages SOM has on distribution and support are obviously there "What are you looking for exactly? If you want a smaller drive in screed, then Somero is the answer for sure, they did it first and they still do it best. For boom screeds you really need to know the size machine you want, then demo both [Ligchine and Somero] and get some quotes. My only real experience is with Somero. I've worked around several of their screeds, and I've owned two. They are a big company, and have a good support network as a result. If budget is the main factor, there is a Chinese company called Vanse that has been carving out a bit of a market share. I've seen their booth at WoC, talked to sales, and spoken to a few of their customers who have nothing but good things to say. Their machines are basically Somero clones, at much much lower prices. The downside is you don't get the stateside support if something goes wrong." |
Posted at 30/8/2024 14:46 by alotto They didn't buy back a great deal of shares though. 350p is not that far off the current share price anyway.What I'm waiting for is to see an uptick in sales to support a higher price. But I doubt it will be anywhere over 400p. The investor presentation next month may deliver some guidance for H2, although Somero is not a world class company at giving estimates. |
Posted at 28/8/2024 15:42 by alotto Tomorrow the preliminary results.Share price slightly down today. I hope tomorrow we get some good news to boost the share price. |
Posted at 30/7/2024 07:56 by alotto I would wish for a takeover but I prefer share price appreciation in general. I don't want to live in a world where everything is own by private equity firms. We are heading in that direction anyway. |
Posted at 10/5/2024 06:21 by alotto Somero got serious with buybacks. We are close to £1m since the trading update. I hope that's reflecting confidence for good returns and can finally give the share price an uplift. |
Posted at 25/6/2022 19:47 by kenmitch Mr TThe simple fact is that none of us can know what the share price would have done without buybacks so we can never claim they worked. But we can claim they didn’t work when, as with Whitbread, a £2.5 billion buyback is done at high prices never again reached and so big capital loss for shareholders supposedly rewarded by those buybacks. E.g would Whitbread share price have fallen even more but for the buybacks. Or would Apple, Microsoft etc have done just as well or even better without buybacks? It all comes down to investors buying and selling. When shares are being priced by market makers etc no consideration is given as to whether or not that Company has bought back their shares. In falling markets Companies that have bought back heavily see their share prices fall just as much or more than Companies that did not buy back. And commentators never suggest in falling markets that Companies buying back should see better support than those that didn’t. As for Next, I agree that as they have bought back a huge number of their shares, and because they will only buyback when they consider their share price is cheap it is likely that the Next share price is higher than it would have been without their buybacks. But even Next have bought back at share prices far higher than the current price. Admittedly it was years ago, but Morgan Stanley did very detailed research on the effectiveness of buybacks and found that time and again Companies that bought back, subsequently saw their share prices underperform others in their sector that did not buyback. Finally to your Apple, Microsoft example. They too bought back at the peak of the bull market and ahead of heavy recent tech sector falls. Indeed buybacks peak near the top of bull markets and there are far fewer when markets are cheap. |
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